CBSE Class 11 Economics Syllabus 2023-24
CBSE has released the Latest Updated Syllabus for the New Academic Session 2023-24 on March 31st, 2023, for class 11.
CBSE Board has released the latest Class 11 Economics syllabus which is to be strictly followed. Below please find our detailed analysis of Board Paper pattern, Unit-wise summary for the New Session 2023-24.
We have also updated Oswal Gurukul Books as per the Latest Paper Pattern prescribed by Board for each Subject Curriculum.
Students can directly access the CBSE Economics Syllabus for Class 11 of the academic year 2023-24 by clicking on the link below.
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- ▪ CBSE Class 11 Economics Syllabus 2023-24
CBSE Class 11 Economics Latest Syllabus 2023-24
|Part A||Statistics for Economics|
|Collection, Organisation and Presentation of Data||30|
|Statistical Tools and Interpretation||25||50|
|Part B||Introductory Microeconomics|
|Consumer's Equilibrium and Demand||14||40|
|Producer Behaviour and Supply||14||35|
|Forms of Market and Price Determination under
perfect competition with simple applications
|Part C||Project Work||20||20|
CBSE Class 11 Economics Syllabus 2023-24: Unit-wise Summary
Statistics for Economics
In this course, the learners are expected to acquire skills in collection, organisation and presentation of quantitative and qualitative information pertaining to various simple economic aspects systematically. It also intends to provide some basic statistical tools to analyse, and interpret any economic information and draw appropriate inferences. In this process, the learners are also expected to understand the behaviour of various economic data.
Unit 1: Introduction
What is Economics?
Meaning, scope, functions and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of data
Collection of data - sources of data - primary and secondary; how basic data is collected with concepts of Sampling; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation.
Organisation of Data: Meaning and types of variables; Frequency Distribution.
Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and Ogive) and (iii) Arithmetic line graphs (time series graph).
Unit 3: Statistical Tools and Interpretation
For all the numerical problems and solutions, the appropriate economic interpretation may be attempted. This means, the students need to solve the problems and provide interpretation for the results derived.
Measures of Central Tendency- Arithmetic mean, Median and Mode
Correlation – meaning and properties, scatter diagram; measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation (Non-Repeated Ranks and Repeated Ranks).
Introduction to Index Numbers - meaning, types - Wholesale Price Index, Consumer Price Index and index of industrial production, uses of index numbers; Inflation and Index Numbers, Simple Aggregative Method.
Unit 4: Introduction
Meaning of microeconomics and macroeconomics; positive and normative economics
What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of Production Possibility Frontier and Opportunity Cost.
Unit 5: Consumer's Equilibrium and Demand
Consumer's equilibrium - meaning of Utility, Marginal Utility, Law of Diminishing Marginal Utility, conditions of consumer's equilibrium using marginal utility analysis.
Indifference curve analysis of consumer's equilibrium-the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's equilibrium.
Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand - factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method and total expenditure method.
Unit 6: Producer Behaviour and Supply
Meaning of Production Function – Short-Run and Long-Run
Total Product, Average Product and Marginal Product.
Returns to a Factor
Cost – Short run costs - Total Cost, Total Fixed Cost, Total Variable Cost; Average Cost; Average Fixed Cost, Average Variable Cost and Marginal Cost - meaning and their relationships.
Revenue – Total Revenue, Average Revenue and Marginal Revenue - meaning and
Producer's Equilibrium - meaning and its conditions in terms of Marginal Revenue- Marginal Cost.
Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply - percentage-change method.
Unit 7: Perfect Competition - Price Determination and simple applications.
Perfect competition - Features; Determination of market equilibrium and effects of
shifts in demand and supply. (Short Run Only)
Simple Applications of Demand and Supply: Price ceiling, Price floor.
Part C: Project in Economics
CBSE Class 11 Economics Question Paper Design 2023-24
|SN||Typology of Questions||Marks||Percentage|
|1||Remembering and Understanding: Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas||44||55%|
|2||Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way||18||22.5%|
|3||Analysing, Evaluating and Creating: Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations. Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions.||18||22.25%|
The Changes for Class 11 (2023-24) Year-end Board Examinations are as under:
|Particulars||Academic Session 2022-23||Academic Session 2023-24|
|Composition of question paperyear-end examination/ Board Examination (Theory)||
2022-23 Reduced Syllabus
(for reference purposes only)
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